ECB Lowers Interest Rates

ECB Lowers Interest Rates

Europe’s interest rates have probably reached a bottom. Although the economy has been in recession since Q4 2011, the European Central Bank (ECB) hesitated until this morning to lower its main refinancing rate at which banks can borrow funds by a quarter...

OECD report into South Africa

Midrand – Finance Minister Pravin Gordhan had welcomed the latest OECD report into South Africa which states that although strides have been made, the country is not fully reaching its potential. The third Organisation for Economic Cooperation and Development...
G20 to curb currency devaluation

G20 to curb currency devaluation

Moscow- Finance Ministers and central bankers of the Group of 20 (G20) on Saturday pledged not to target exchange rates or devalue currencies for the purpose of making them more competitive. G20 members would “refrain from competitive devaluation” and...